Japan June exports jump 48.6per cent year/year - MOF

Japan June exports jump 48.6per cent year/year - MOF

Japan's exports rose 48.6per cent in June from a year earlier, Ministry of Finance data showed on Wednesday.

Containers are pictured at an industrial port in Tokyo
Containers are pictured at an industrial port in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon/Files

TOKYO: Japan's exports rose 48.6per cent in June from a year earlier, Ministry of Finance data showed on Wednesday.

The rise compared with a 46.2per cent increase expected by economists in a Reuters poll. It followed a 49.6per cent growth in May, the sharpest monthly increase since April 1980.

Imports rose 32.7per cent in the year to June, versus the median estimate for a 29.0per cent increase.

The trade balance came to a surplus of 383.2 billion yen (US$3.49 billion), versus the median estimate for a 460.0 billion yen surplus.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

Source: Reuters

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